KATHMANDU, Feb 8: Finance Minister Dr. Prakash Saran Mahat has stated that there is a growing willingness among foreign investors to invest in Nepal. He shared these observations during the third meeting of the Board of Directors for the Third Investment Conference 2081 BS, which took place at Singha Durbar on Thursday.
KATHMANDU, Jan 26: Finance Minister Dr Prakash Saran Mahat has admitted that the government has not met its revenue target for the current fiscal year. He said this while addressing a program organized in Kathmandu today on the occasion of International Customs Day.
KATHMANDU, Jan 25: Finance Minister Dr Prakash Sharan Mahat has said that more investment in unproductive sectors including the real estate and share market created challenges in the country's economy.
KATHMANDU, Oct 11: Finance Minister Dr Prakash Saran Mahat held a meeting with Regional Vice President of the International Finance Corporation (IFC) for Asia and the Pacific Riccardo Puliti in Marrakesh, Morocco, during the sidelines of the annual meeting of the World Bank.
KATHMANDU, Oct 9: Finance Minister Dr Prakash Sharan Mahat has left for Marrakech, Morocco, to participate in the annual meeting of the World Bank, scheduled to take place from October 9 to 15 under the banner of 'Global Action, Global Impact.'
KATHMANDU, Sept 26: Finance Minister Dr Prakash Sharan Mahat has called for the role of Multilateral Development Banks, (MDBs) including AIIB and other international organizations and stakeholders to ensure low-and middle-income countries’ access to finance.
TRISHULI (NUWAKOT), Sept 9: Finance Minister Dr Prakash Sharan Mahat has assured of the government's commitments to secure Chinese cooperation for the construction of a tunnel connecting Tokha of Kathmandu to Chhahare in Nuwakot.
KATHMANDU, Sept 8: Finance Minister Dr Prakash Sharan Mahat has said that the government was working to ease the share market adding that there are different reasons behind the ongoing bearish trend in the Nepal Stock Exchange (Nepse).
Kathmandu, Aug 15: Finance Minister Dr Prakash Sharan Mahat has said that the country's economy is improving in recent days but a positive outlook has not been developed among the general people and the private sector.
KATHMANDU, July 19: Finance Minister Dr Prakash Sharan Mahat called on his Indian counterpart, Nirmala Sitaraman, and discussed mutual cooperation and bilateral relations on the sideline of the 3rd finance ministers and central bank governors of G-20 country meeting held in Gujrat on July 17-18.
KATHMANDU, May 11: The discussion on the principles and priorities of the Appropriation Bill 2080 has ended in the House of Representatives. In the meeting on Wednesday, Finance Minister Dr Prakash Saran Mahat said that the administrative cost will be reduced in the current budget.
The newly appointed Finance Minister, Dr. Prakash Sharan Mahat, is currently occupied with the process of formulating the budget for the upcoming fiscal year 2023/24. He has assembled a team of experts with diverse expertise in the domestic and internal aspects of the economy and public finance to assist him in this endeavor.
KATHMANDU, April 28: Finance Minister Dr Prakash Sharan Mahat has said that he has no idea about the decision to allocate an amount from the state coffers to the disqualified ex-Maoist combatants. The finance ministry has taken no official decision in this regard so far, according to him.
KATHMANDU, March 31: Newly-appointed Finance Minister Dr. Prakash Sharan Mahat has said that it will take the entire state mechanism to get out of the financial crisis. He expressed this opinion while assuming office after taking the oath of office and secrecy on Friday.
KATHMANDU, Dec 27: CPN-UML Vice-chairman Bishnu Prasad Poudel, who enjoys a merry time after being appointed as the finance minister for a third time, will have an uphill battle to lift the Nepali economy, which faces a number of challenges at present.
WASHINGTON DC, Oct 14: Finance Minister Janardan Sharma has urged the World Bank to place Nepal on priority in its several initiatives such as conservation of the mountainous region, economic revival of rural areas and green corridor along river banks.
WASHINGTON DC, Oct 12: Finance Minister Janardan Sharma arrived in Washington DC, the capital of the United States of America (USA) on Tuesday evening in connection with participating in the Annual Conference of the World Bank and the International Monetary Fund (IMF).
KATHMANDU, August 10: Prime Minister Sher Bahadur Deuba called the ministers in his Cabinet and instructed them to reduce various taxes being levied on petroleum products after the price of petroleum products reached its highest in the last weeks of June.
KATHMANDU, July 31: Janardan Sharma, a leader of the CPN Maoist Center, will be re-appointed as the Minister for Finance. CPN Maoist Center’s Chairman Pushpa Kamal Dahal has reached Baluwatar to meet Prime Minister Deuba to talk about Sharma’s re-appointment.
KATHMANDU, July 30: The parliamentary special committee set up to investigate the then Finance Minister Janardan Sharma, who resigned after it was alleged that during the preparation of the budget for the financial year 2022/23, unauthorized persons entered the Ministry of Finance and altered the tax rates to benefit certain families, has finally cleared him.
KATHMANDU, July 6: The main opposition party, CPN-UML, has insisted that Finance Minister Janardan Sharma has to step down before a parliamentary probe committee is formed to investigate his involvement in changing tax rates in the interests of certain business groups in the annual budget for the fiscal year 2022/23.
KATHMANDU, July 5: Bibeksheel Sajha Party has demanded the resignation of Finance Minister Janardan Sharma and action against him on criminal charges. Saroj Gautam, coordinator of Sajha’s youth organization, issued a press release demanding the dismissal of the finance minister.
KATHMANDU, July 4: Chairman of the main opposition party CPN-UML, KP Sharma Oli has asked Prime Minister Sher Bahadur Deuba if he has reached a stage where he cannot do anything. Outraged by the government's indifference to the controversies surrounding the budget for FY 2022/23 and its investigation, Oli repeatedly questioned Prime Minister Deuba in the House of Representatives on Monday, calling him "absent-minded".